AlphaCore Capital LLC increased its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 541.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,884 shares of the industrial products company’s stock after buying an additional 5,810 shares during the quarter. AlphaCore Capital LLC’s holdings in Roper Technologies were worth $3,064,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC acquired a new stake in Roper Technologies during the 4th quarter valued at approximately $203,000. Empowered Funds LLC grew its stake in Roper Technologies by 11.7% during the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after purchasing an additional 326 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at approximately $137,000. Nebula Research & Development LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at approximately $977,000. Finally, Sei Investments Co. grew its stake in Roper Technologies by 22.6% during the 2nd quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after purchasing an additional 11,372 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Trading Up 0.9%
Shares of NASDAQ ROP opened at $320.90 on Friday. The company has a market cap of $32.39 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $584.03. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. The stock’s 50 day simple moving average is $351.51 and its 200 day simple moving average is $391.67.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s payout ratio is presently 22.74%.
Analyst Upgrades and Downgrades
ROP has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Jefferies Financial Group set a $500.00 price objective on Roper Technologies in a research note on Wednesday, January 28th. Argus restated a “hold” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Weiss Ratings lowered Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Finally, Melius Research lowered Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price objective for the company. in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $472.07.
Read Our Latest Stock Analysis on ROP
Roper Technologies Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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